Results 21–40 of 12242 for speaker:Philip Hammond

Oral Answers to Questions — Treasury: Topical Questions (3 Jul 2018)

Philip Hammond: It is fascinating to see the right hon. Gentleman posing as the champion of business when he has been attacking and undermining business ever since he got into his current position. Yes, I recognise all the questions he asked. The Cabinet will meet on Friday to set out our way forward in our negotiation with the European Union. We recognise that this is now urgent and that we need to make...

Oral Answers to Questions — Treasury: Topical Questions (3 Jul 2018)

Philip Hammond: I assure the right hon. Gentleman that I will be setting out for my colleagues, in the privacy of our Cabinet meeting on Friday, the Treasury’s assessment—indeed, the cross-Whitehall economic group’s assessment—of the implications of potential routes forward. However, as the Prime Minister has said, we cannot give a running commentary in public on a matter about which...

Oral Answers to Questions — Treasury: Topical Questions (3 Jul 2018)

Philip Hammond: My right hon. Friend asks about Parliament’s role in dealing with the onshoring of a very large number of financial services regulations. Some of them will be dealt with through a parliamentary process, but other areas of financial services regulation are dealt with by the independent regulators—the Financial Conduct Authority and the Bank of England. I will write to her and give...

Oral Answers to Questions — Treasury: Topical Questions (3 Jul 2018)

Philip Hammond: Indeed, Mr Speaker. What I will say is that we have spent the last eight years cleaning up the mess that was left behind for us by the last Labour Government and trying to mitigate its impacts on ordinary families up and down this country. It is the same whenever Labour gets into power: it is always ordinary people and the most vulnerable in society who suffer the most, and it is always the...

Oral Answers to Questions — Treasury: Topical Questions (3 Jul 2018)

Philip Hammond: That consultation was announced by the Secretary of State for Housing, Communities and Local Government. I am acutely conscious of the risks that my right hon. Friend sets out. I assure him that I have looked very carefully at the wording of the consultation and I am confident that we will not fall into the trap that he suggests. We are looking at making a three-year term the default option...

Oral Answers to Questions — Treasury: Topical Questions (3 Jul 2018)

Philip Hammond: We did not announce any reckless tax cuts in the manifesto last year. The Prime Minister made it very clear in her announcement about NHS funding that we will continue to deliver on our fiscal rules, and we will continue to ensure that debt falls. I will make announcements at future fiscal events explaining exactly how we will do that.

Oral Answers to Questions — Treasury: Topical Questions (3 Jul 2018)

Philip Hammond: I assure the hon. Lady that on Friday, as I have done consistently for the past two years, I will argue for a future relationship with the European Union that protects our important supply chains, protects British jobs and protects British business.

Oral Answers to Questions — Treasury: Topical Questions (3 Jul 2018)

Philip Hammond: Yes, Mr Speaker, I will. I can tell my hon. Friend that we have established a European working group between the Bank of England and the European Central Bank to look at questions of contract continuity and other threats to financial stability over the period when we leave at the end of March. That will be looking at insurance contracts, and it will also be looking at the very large number of...

Oral Answers to Questions — Treasury: Topical Questions (3 Jul 2018)

Philip Hammond: That is the answer, Mr Speaker. There will be a spending review next year, when we will look at the overall spending envelope and the Government’s priorities across the entire range of public spending.

Oral Answers to Questions — Treasury: Topical Questions (3 Jul 2018)

Philip Hammond: I am afraid that I have to remind the hon. Gentleman that 86% of all PFI contracts currently in place in the NHS, draining money out of NHS trusts, were put in place by the previous Labour Government.

Oral Answers to Questions — Treasury: Topical Questions (3 Jul 2018)

Philip Hammond: When I have the money in the bank, I will invite them around for a glass of champagne.

Written Ministerial Statements — Treasury: Notification of contingent liability (21 Jun 2018)

Philip Hammond: I have today laid before the House of Commons a Departmental Minute describing the contingent liability associated with the new financial framework between HM Treasury and the Bank of England (the ‘Bank’)[1]. On this occasion it has not been possible to notify Parliament in advance of the contingent liability coming into effect, which is due to the market sensitive nature of the...

Written Ministerial Statements — Treasury: ECOFIN: 22 June 2018 (21 Jun 2018)

Philip Hammond: A meeting of The Economic and Financial Affairs Council (ECOFIN) will be held in Luxembourg on 22 June 2018. ECOFIN will be preceded by a morning meeting of the EIB Board of Governors: Annual EIB Governors meeting The EIB Board of Governors meeting will include a speech by the EIB President Werner Hoyer, a Governors discussion, reappointment of the Board of Directors, and approval of the...

Written Ministerial Statements — Treasury: ECOFIN: 25 May 2018 (11 Jun 2018)

Philip Hammond: A meeting of The Economic and Financial Affairs Council (ECOFIN) was held in Brussels on 25 May 2018. EU Finance Ministers discussed the following: Early Morning Session The Eurogroup President briefed the Council on the outcomes of the 24 May meeting of the Eurogroup, and the European Commission provided an update on the current economic situation in the EU. Banking Package The Council...

Written Ministerial Statements — Treasury: ECOFIN: 25 May 2018 (24 May 2018)

Philip Hammond: A meeting of The Economic and Financial Affairs Council (ECOFIN) will be held in Brussels on 25 May 2018. EU Finance Ministers will discuss the following: Early Morning Session The Eurogroup President will brief the Council on the outcomes of the 24 May meeting of the Eurogroup, and the European Commission will provide an update on the current economic situation in the EU. Banking Package The...

Oral Answers to Questions — Treasury: Support for Businesses and Entrepreneurs (22 May 2018)

Philip Hammond: One year on from the appalling Manchester Arena attack, I am sure that I speak for everyone in the House in saying that on this day our thoughts are with those who lost their lives and their families, and those who suffered life-changing injuries. We will remember them with a minute’s silence later today. The UK’s 5.7 million small businesses make a vital contribution to our...

Oral Answers to Questions — Treasury: Support for Businesses and Entrepreneurs (22 May 2018)

Philip Hammond: We have already introduced business rate concessions to reduce the burden of rates on small businesses, including by bringing forward by two years the switch in indexation from the retail prices index to the consumer prices index. We are ensuring that Britain is the world’s leading place to start and grow a business, including through reducing corporation tax rates. There are almost...

Oral Answers to Questions — Treasury: Support for Businesses and Entrepreneurs (22 May 2018)

Philip Hammond: The national productivity investment fund is investing in all those areas. We have the biggest rail investment programme since Victorian times and the biggest road building programme since the 1970s, and we are investing in superfast broadband, which is critical to this country’s future. As my hon. Friend will know, in his area we are investing in the A21, and we are working with...

Oral Answers to Questions — Treasury: Support for Businesses and Entrepreneurs (22 May 2018)

Philip Hammond: The hon. Gentleman is right that skills are a critical factor for business in an economy with such high levels of employment and low levels of unemployment as we have achieved. We are investing in apprenticeships with the new apprenticeship levy, providing funding for more and better apprenticeships; we are investing in T-levels, improving substantially the level of technical training for 16...

Oral Answers to Questions — Treasury: Support for Businesses and Entrepreneurs (22 May 2018)

Philip Hammond: The hon. Lady correctly identifies the underlying problem: the nature of retailing is changing. Britain is leading the world in the adoption of online retail, which has huge opportunities, but will also bring huge changes. This is a microcosm of the changes we will face in this economy over the next 10, 20 or 30 years, as the digital revolution changes fundamentally the way we do business....


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